SentinelOne (NYSE:S) Reaches New 12-Month Low – Should You Sell?

SentinelOne, Inc. (NYSE:S)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $13.68 and last traded at $13.7350, with a volume of 894001 shares. The stock had previously closed at $13.90.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. DA Davidson reduced their target price on SentinelOne from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Oppenheimer dropped their price target on SentinelOne from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Barclays reduced their price objective on shares of SentinelOne from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Bank of America decreased their target price on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Finally, JMP Securities set a $23.00 target price on shares of SentinelOne in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and an average target price of $21.90.

SentinelOne Price Performance

The business’s 50-day simple moving average is $15.17 and its two-hundred day simple moving average is $16.84. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of -11.32 and a beta of 0.77.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The company had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. During the same period in the prior year, the business earned ($0.25) earnings per share. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. Equities research analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Activity

In other news, Director Mark S. Peek purchased 40,000 shares of SentinelOne stock in a transaction dated Tuesday, December 16th. The shares were bought at an average cost of $14.89 per share, for a total transaction of $595,600.00. Following the completion of the acquisition, the director owned 120,000 shares in the company, valued at approximately $1,786,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robin Tomasello sold 8,509 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $14.58, for a total transaction of $124,061.22. Following the completion of the transaction, the chief accounting officer owned 285,551 shares of the company’s stock, valued at approximately $4,163,333.58. This trade represents a 2.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 361,394 shares of company stock valued at $5,558,207. 4.33% of the stock is currently owned by company insiders.

Institutional Trading of SentinelOne

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of SentinelOne by 6.5% in the 3rd quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock worth $634,179,000 after purchasing an additional 2,191,321 shares during the period. First Trust Advisors LP raised its stake in SentinelOne by 20.0% during the second quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock worth $174,683,000 after buying an additional 1,589,845 shares during the last quarter. Legal & General Group Plc raised its stake in SentinelOne by 16.0% during the third quarter. Legal & General Group Plc now owns 8,205,864 shares of the company’s stock worth $144,505,000 after buying an additional 1,132,121 shares during the last quarter. Eminence Capital LP lifted its holdings in SentinelOne by 24.9% in the second quarter. Eminence Capital LP now owns 7,068,308 shares of the company’s stock valued at $129,209,000 after buying an additional 1,407,764 shares during the period. Finally, State Street Corp boosted its position in SentinelOne by 4.7% during the second quarter. State Street Corp now owns 5,615,912 shares of the company’s stock valued at $102,659,000 after acquiring an additional 251,076 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.